Don’t Leave Money To Children Buried Under IRS Liens
There is a pretty strong impulse among parents to treat their children equally when it comes to inheritance. There are times when this impulse should be overridden. If one of your children is burdened by tax liens that are well beyond their prospective inheritance leaving money to that child is equivalent to leaving money to the IRS. Worse you are likely involving the other children in the tax problems since the executor of the estate will probably not just roll over and turn the money over to the IRS. The litigation costs will eat into the estate.
Veteran Activist Mourns His Mentor
I'd like to say that Tom Cahill needs no introduction. Maybe he doesn't to you. That fellow shaking hands with Tom Cahill was President of the United States at the...
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.